Circular 2/2019 — Modifies Circular 3/2012

Friday, February 1, 2019 OFFICIAL GAZETTE BANK OF MEXICO CIRCULAR 2/2019 addressed to Credit Institutions and the National Financial Institution for Agricultural, Rural, Forestry, and Fisheries Development regarding Modifications to Circular 3/2012 (Annex 20).

At the margin, a logo that says: Bank of Mexico.- “2019, Year of the Southern Leader, Emiliano Zapata”.

CIRCULAR 2/2019 TO CREDIT INSTITUTIONS AND THE NATIONAL FINANCIAL INSTITUTION FOR AGRICULTURAL, RURAL, FORESTRY, AND FISHERIES DEVELOPMENT: SUBJECT: MODIFICATIONS TO CIRCULAR 3/2012 (ANNEX 20)

The Bank of Mexico, in order to continue promoting the sound development of the financial system and to ensure that multiple banking institutions are able to continue carrying out the calculation regarding liquidity shortfalls foreseen in the regime for the admission of liabilities and for investment in foreign currency operations established in the “Applicable Provisions for the operations of credit institutions and the National Financial Institution for Agricultural, Rural, Forestry, and Fisheries Development”, included in Circular 3/2012, has resolved to modify Annex 20 of the aforementioned Provisions, in order to make known the applicable calculation periods during 2019, 2020, 2021, 2022, and early 2023. These modifications do not imply changes to the aforementioned investment regime; only the calculation periods for Liquidity Asset shortfalls are updated, therefore this Circular was not submitted to the public consultation procedure established in the “Policies for Public Consultation of General Provisions issued by the Bank of Mexico” issued on March 7, 2018.

For the above reason, based on Articles 28, sixth and seventh paragraphs, of the Political Constitution of the United Mexican States, 24, 26, 32, and 33, of the Bank of Mexico Law, 48 of the Credit Institutions Law, 22 of the Law for Transparency and Ordering of Financial Services, 4, first paragraph, 8, fourth and seventh paragraphs, 10, first paragraph, 12, first paragraph, in relation to 19 Bis, fraction V, 14, first paragraph, in relation to 25 Bis, fraction VII, 14 Bis, first paragraph, in relation to 17, fraction I, and 14 Bis 1, first paragraph, in relation to 25 Bis 1, fraction IV, of the Internal Regulations of the Bank of Mexico, which grant it the authority to issue provisions through the General Directorate of Operations and Payment Systems, General Directorate of Financial Stability, General Directorate of Legal Affairs, and General Directorate of Financial System Affairs, respectively, as well as Second, fractions I, IV, VI, and X, of the Agreement on the Assignment of Administrative Units of the Bank of Mexico, has resolved to modify Annex 20 of the “Applicable Provisions for the operations of credit institutions and the National Financial Institution for Agricultural, Rural, Forestry, and Fisheries Development”, contained in Circular 3/2012, to read as follows:

APPLICABLE PROVISIONS FOR THE OPERATIONS OF CREDIT INSTITUTIONS AND THE NATIONAL FINANCIAL INSTITUTION FOR AGRICULTURAL, RURAL, FORESTRY, AND FISHERIES DEVELOPMENT

“ANNEX 20 Calendar of periods for purposes of calculation regarding liquidity asset shortfalls

Initial Date of Period	Final Date of Period
January 10, 2019	February 6, 2019
February 7, 2019	March 6, 2019
March 7, 2019	April 3, 2019
April 4, 2019	May 1, 2019
May 2, 2019	May 29, 2019
May 30, 2019	June 26, 2019
June 27, 2019	July 24, 2019
July 25, 2019	August 21, 2019
August 22, 2019	September 18, 2019
September 19, 2019	October 16, 2019

OFFICIAL GAZETTE Friday, February 1, 2019 | October 17, 2019 | November 13, 2019 | | November 14, 2019 | December 11, 2019 | | December 12, 2019 | January 8, 2020 | | January 9, 2020 | February 5, 2020 | | February 6, 2020 | March 4, 2020 | | March 5, 2020 | April 1, 2020 | | April 2, 2020 | April 29, 2020 | | April 30, 2020 | May 27, 2020 | | May 28, 2020 | June 24, 2020 | | June 25, 2020 | July 22, 2020 | | July 23, 2020 | August 19, 2020 | | August 20, 2020 | September 16, 2020 | | September 17, 2020 | October 14, 2020 | | October 15, 2020 | November 11, 2020 | | November 12, 2020 | December 9, 2020 | | December 10, 2020 | January 6, 2021 | | January 7, 2021 | February 3, 2021 | | February 4, 2021 | March 3, 2021 | | March 4, 2021 | March 31, 2021 | | April 1, 2021 | April 28, 2021 | | April 29, 2021 | May 26, 2021 | | May 27, 2021 | June 23, 2021 | | June 24, 2021 | July 21, 2021 | | July 22, 2021 | August 18, 2021 | | August 19, 2021 | September 15, 2021 | | September 16, 2021 | October 13, 2021 | | October 14, 2021 | November 10, 2021 | | November 11, 2021 | December 8, 2021 | | December 9, 2021 | January 5, 2022 | | January 6, 2022 | February 2, 2022 | | February 3, 2022 | March 2, 2022 | | March 3, 2022 | March 30, 2022 | | March 31, 2022 | April 27, 2022 | | April 28, 2022 | May 25, 2022 | | May 26, 2022 | June 22, 2022 | | June 23, 2022 | July 20, 2022 | | July 21, 2022 | August 17, 2022 | | August 18, 2022 | September 14, 2022 | | September 15, 2022 | October 12, 2022 | | October 13, 2022 | November 9, 2022 | | November 10, 2022 | December 7, 2022 | | December 8, 2022 | January 4, 2023”

Friday, February 1, 2019 OFFICIAL GAZETTE TRANSITORY SINGLE.- This Circular shall enter into force on the day of its publication in the Official Gazette of the Federation.

Mexico City, January 29, 2019.- The General Director of Operations and Payment Systems, Jaime José Cortina Morfín.- Signature.- The General Legal Director, Luis Urrutia Corral.- Signature.- The General Director of Financial Stability, Fabrizio López Gallo Dey.- Signature.- The General Director of Financial System Affairs, Jesús Alan Elizondo Flores.- Signature.

For any inquiries regarding the content of this Circular, please contact the Central Bank Authorizations and Consultations Department at telephone numbers (55) 5237-2308, (55) 5237-2317, or (55) 5237-2000, extension 3200.